Agrium completes turf and ornamental divestiture

6:17 AM MDT | July 3, 2014 | Lindsay Frost

Agrium says it has completed the previously announced divestiture of its turf and ornamental business to Koch Agronomic Services—an affiliate of Koch Fertilizer—for approximately $94 million. The deal is an "important step in our ongoing portfolio review process as we work to deliver further shareholder value," says Chuck Magro, Agrium president and CEO. The company announced in May that the transaction was part of a strategic review process completed in 2013 with regards to the discontinued operations of the former Agrium Advanced...